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Saratoga Investment Corp., 6.25% Notes due 8/31/2025
Ticker Symbol: SAF* CUSIP: 80349A505 Exchange: NYSE
* NOTE: This security is no longer trading as of 8/31/2021
Security has been Called for: Tuesday, August 31, 2021
Saratoga Investment Corp intends to use the net proceeds from the sale of the 4.375% Notes due 2026 to redeem all of the outstanding 6.25% Notes due 2025.
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QUANTUMONLINE.COM SECURITY DESCRIPTION: Saratoga Investment Corp., 6.25% Notes due 2025, issued in $25 denominations, redeemable at the issuer's option on or after 8/31/2021 at $25 per note plus accrued and unpaid interest, and maturing 8/31/2025. Interest distributions of 6.25% per annum ($1.5625 per annum or $0.390625 per quarter) will be paid quarterly on 2/28, 5/31, 8/31 & 11/30 to holders of record on the record date that will be 2/15, 5/15, 8/15 & 11/15 respectively (NOTE: the ex-dividend date is one business day prior to the record date). Distributions paid by these debt securities are interest and as such are NOT eligible for the preferential 15% to 20% tax rate on dividends and are also NOT eligible for the dividend received deduction for corporate holders. Units are expected to trade flat, which means accrued interest will be reflected in the trading price and the purchasers will not pay and the sellers will not receive any accrued and unpaid interest. The Notes are unsecured and unsubordinated obligations of the company and will rank equally with all existing and future unsecured and unsubordinated indebtedness of the company. See the IPO prospectus for further information on the debt securities by clicking on the ‘Link to IPO Prospectus’ provided below.
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Go to Parent Company's Record (SAR)
IPO - 8/21/2018 - 1.40 Million Notes @ $25.00 /note.
Link to IPO Prospectus
Market Value $35.5 Million
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Company's Online Information Links
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| Company's Online SEC EDGAR Filings |
| Company's Email Address Links |
| Address and Phone Numbers |
| Address: 535 Madison Avenue, 4th Floor, New York, NY 10022 |
| Main Phone Number |
212-906-7800 |
| Fax Number |
Not Available |
| Investor Relations
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212-906-7800
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| CEO - Christian L. Oberbeck |
CFO - Henri J. Steenkamp |
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